Chuy's Holdings (CHUY) Tops Q2 EPS by 3c, Bumps Outlook

Chuy's Holdings (NASDAQ: CHUY) reported Q2 EPS of $0.34, $0.03 better than the analyst estimate of $0.31. Revenue for the quarter came in at $87.9 million versus the consensus estimate of $87.45 million.

Comparable restaurant sales increased 1.0% as compared to the same period in 2015, the 24th consecutive quarter of comparable restaurant sales growth.

Steve Hislop, President and Chief Executive Officer of Chuy’s Holdings, Inc. stated, “We delivered solid second quarter results that included a double-digit increase in revenue growth and a continuation of strong restaurant-level EBITDA margins of 21%. As a result, restaurant-level EBITDA grew 16.8% in the quarter. We also extended our consecutive streak of positive quarterly comparable sales growth to 24 quarters despite some weather related issues in Texas. Our development calendar has been active with the opening of four new Chuy’s restaurants during the second quarter and we have already opened two additional restaurants early in the third quarter. With 8 restaurants open year-to-date, we are on pace to reach our goal of 11 to 13 new restaurants for 2016.”

GUIDANCE:

Chuy's Holdings sees FY2016 EPS of $1.05-$1.08, versus prior guidance of $1.03-$1.07 and the consensus of $1.08.

For earnings history and earnings-related data on Chuy's Holdings (CHUY) click here.

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